Doing reverse position Long Busted 130 pips BTC/USDT
Hello dear friends again, I am planning to close the short position.
the price was smoothly returned back, and therefore, I expect continued growth, closing the short position with a loss of 110 points.
Because, at 1h TF, we have a complete absorption of 2 hours of the fall, which tells me that the buyer will continue to "drive up"
I also marked my "special analysis" on the chart a strong zone in which a small flat can be traded for accumulation / distribution.
Therefore, if the price overcomes the 25950 mark, I will close my short, and I will open a long for such target updates:
Buy 26000
26200 - 26600 - 26950 - 27300.
I set my stop loss at 25550
If this does not happen, then the short position will be opened further ... But I write right away that if the price is again 26000, I will buy ...
I also understand that the price very often returns to its original point, and even more so when it is sandwiched between strong levels that push the price away, namely 25600-25900, and I understand that I lose a small part of my profit on such positions, but when the price rises, it goes up or down without stopping, so in order not to fall into such a pattern, I prefer to trade this way.
Yes, many can condemn me for this, but friends, I follow all aspects of trading, monitor risks and money management, and also follow the chart, almost all the time, and if something is wrong, I will quickly react to it, and without hesitation ... I will make the right decision for myself and for those who trade with me. After all, my statistics speaks of itself
the price was smoothly returned back, and therefore, I expect continued growth, closing the short position with a loss of 110 points.
Because, at 1h TF, we have a complete absorption of 2 hours of the fall, which tells me that the buyer will continue to "drive up"
I also marked my "special analysis" on the chart a strong zone in which a small flat can be traded for accumulation / distribution.
Therefore, if the price overcomes the 25950 mark, I will close my short, and I will open a long for such target updates:
Buy 26000
26200 - 26600 - 26950 - 27300.
I set my stop loss at 25550
If this does not happen, then the short position will be opened further ... But I write right away that if the price is again 26000, I will buy ...
I also understand that the price very often returns to its original point, and even more so when it is sandwiched between strong levels that push the price away, namely 25600-25900, and I understand that I lose a small part of my profit on such positions, but when the price rises, it goes up or down without stopping, so in order not to fall into such a pattern, I prefer to trade this way.
Yes, many can condemn me for this, but friends, I follow all aspects of trading, monitor risks and money management, and also follow the chart, almost all the time, and if something is wrong, I will quickly react to it, and without hesitation ... I will make the right decision for myself and for those who trade with me. After all, my statistics speaks of itself
Komentarz:
I also use the same targets as in the previous charts, and always take 20-30 pips lower for my target than on the chart, so that there is a greater likelihood of taking profit from the market.
I also use the same targets as in the previous charts, and always take 20-30 pips lower for my target than on the chart, so that there is a greater likelihood of taking profit from the market.
I also work on these goals, which are on this chart.